DIGL-here's the new article:
(PR NEWSWIRE) Digital Lightwave Signs OEM Contract With Lucent Technologie
Digital Lightwave Signs OEM Contract With Lucent Technologies
Will Provide Integrated Optical Monitoring For Lucent's New WaveStar(TM)
System
CLEARWATER, Fla., May 24 /PRNewswire/ -- Digital Lightwave(R), Inc.
(Nasdaq: DIGL), a provider of optical networking products, today announced it
has signed an original equipment manufacturer (OEM) contract to provide
integrated performance monitoring and diagnostic capabilities for the Lucent
Technologies Inc. (NYSE: LU) WaveStar Optical Line System (OLS) 400G.
Lucent's placement of orders for product is conditional upon Digital Lightwave
achieving certain milestone events.
Lucent Technologies' WaveStar is a new modular 80-channel Ultra-Dense Wave
Division Multiplexing (UWDM) optical transmission system that dramatically
increases fiber capacity and flexibility for global optical networks.
Developed by world-renowned Bell Labs, the system delivers up to 400 gigabits-
per-second capacity over a single strand of fiber -- equivalent to carrying
more than three million simultaneous calls on one fiber.
Under the OEM agreement, Digital Lightwave will manufacture an optical
monitoring system designed for integration within the WaveStar system, based
on its core Network Access Agent(TM) technology. This new Lucent-branded
product provides comprehensive error analysis and performance monitoring of
any of the eighty OC-48 channels in the WaveStar system.
"Digital Lightwave is committed to providing intuitive testing of optical
networks that give our customers a competitive advantage," said Gerry
Chastelet, president and chief executive officer of Digital Lightwave. "We
are excited that Lucent, a global leader in optical networking, has chosen our
Network Access Agent technology for its revolutionary UWDM system."
Lucent and Digital Lightwave plan to demonstrate the new optical
monitoring technology at Supercomm '99 in Atlanta, Georgia, June 8-10.
About Digital Lightwave
Digital Lightwave serves the growing fiber optic networking industry --
high-speed telecommunications networks based on fiber-optic technology -- with
products that monitor, maintain and manage voice, data and multimedia
communication networks. Digital Lightwave customers include leading
telecommunications service providers and equipment manufacturers. The company
is headquartered in Clearwater, Florida, and can be located on the Internet at
lightwave.com.
Except for the historical statements made herein, this release contains
certain forward-looking statements that may involve a number of risks and
uncertainties. Factors that could cause actual results or events to differ
materially from these forward-looking statements include that the company may
be unable to successfully complete negotiations regarding specific terms for
the OEM arrangement with Lucent Technologies; that, in any event, Lucent
Technologies may not actually purchase any products from the company, or may
only purchase a limited amount of the company's products; that the company may
be unable to successfully achieve the milestones set forth in the OEM
contract; that any products the company develops and provides to Lucent
Technologies may have defects and may not perform to the specifications
required by Lucent Technologies; that the company may be unable to
successfully manufacture on a timely basis the products to be manufactured
under the OEM contract; and that the company may be unable to compete with
products that a competitor may provide to Lucent Technologies. In addition,
the company's success under any such arrangement would depend on the overall
success of the company as a whole, which is subject to many risks and
uncertainties, including the company's limited operating history; quarterly
fluctuations in its operating results; dependence on a limited number of
products; rapid technological changes; the company's ability to compete
effectively with other companies; the company's dependence on a limited number
of major customers; the company's dependence on contract manufacturing and
limited source suppliers; delays in product development and delivery
schedules; the company's success in relocating its production and assembly
operations; the company's ability to manage its growth; the company's ability
to enter into strategic relationships; the company's dependence on key
personnel; the company's dependence on proprietary technology; the company's
success in defending significant litigation; liquidity risk and future capital
needs; general business conditions; and other factors described in the
company's filings with the Securities and Exchange Commission (SEC), including
its Annual Report on Form 10-K and Quarterly Reports on Form 1O-Q. Readers
are cautioned not to place undue reliance on forward-looking statements, which
speak only as of the date hereof. The company assumes no obligation to update
information contained in this release.
Digital Lightwave(R) is a registered trademark of Digital Lightwave, Inc.
All other product names herein may be trademarks and/or registered trademarks
of the respective companies.
SOURCE Digital Lightwave(R), Inc.
-0- 05/24/99
/CONTACT: William Rooney, Corporate Communications Director, Digital
Lightwave(R), Inc., 727-442-6677/
/Web site: lightwave.com
(DIGL LU)
CO: Digital Lightwave(R), Inc.; Lucent Technologies, Inc.
ST: Florida
IN: CPR TLS
SU: CON
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